Sentences with phrase «as the annuity phase»
This is also called as the annuity phase, when a person starts getting regular pension income.
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Most fixed annuities have two phases: the accumulation phase, during which your investments have the potential to grow tax - deferred and the distribution phase (also known as annuitization), during which you receive income payments or a lump - sum payment.
An immediate annuity, as compared to a deferred annuity, has no accumulation phase.
Most variable annuities have two phases: the accumulation phase, in which your investments have the potential to grow tax - deferred, and the distribution phase (also known as annuitization), in which you receive income payments or a lump - sum payment.
Phased switching or lifestyling, often the default investment option for pensions, was designed to help maintain the level of annuity that people can buy by gradually investing their funds in assets that change in line with annuity rates as they approach retirement.
Phased switching or lifestyling, often the default investment option for pensions, was designed to help maintain the level of annuity that people can buy by gradually investing their funds in assets that change in line with annuity rates as they approach retirement approaches.
However, many people who have already retired and need annuity income right away opt for immediate annuities, which skip the accumulation phase and begin to issue payments as soon as you invest in the contract.
In an immediate annuity plan, the annuity phase begins as soon as the purchase price is paid.
An immediate annuity, as compared to a deferred annuity, has no accumulation phase.